New Delhi, August 1: The scope of digital payments in India continues to expand. According to data released by the National Payments Corporation of India (NPCI) on Saturday, the number of transactions made through the Unified Payments Interface (UPI) in July 2026 increased by 22% year-on-year, reaching 23.66 billion. The total value of these transactions rose by 19%, amounting to ₹29.88 lakh crore.
During July, an average of 763 million UPI transactions occurred daily, with an average daily transaction value of ₹96,383 crore.
In June 2026, there were 22.72 billion UPI transactions, marking a 23% annual increase. The total value for that month was ₹28.92 lakh crore, with an average of 757 million transactions per day and a daily average transaction value of ₹96,405 crore.
The government has noted a consistent surge in UPI transactions over the past five financial years.
In the financial year 2021-22, there were 45.96 billion UPI transactions valued at ₹84.16 lakh crore. This number grew to 83.71 billion transactions and a total value of ₹139.15 lakh crore in the financial year 2022-23.
In the financial year 2023-24, UPI recorded 131.13 billion transactions worth ₹199.95 lakh crore. The following year, the number surged to 185.87 billion transactions, totaling ₹260.56 lakh crore.
Finance Minister Pankaj Chaudhary informed the Lok Sabha last month that NPCI International Payments Limited (NIPL), established in April 2020 as a wholly-owned subsidiary of NPCI, is partnering with various countries to expand India’s digital payment system globally.
These partnerships enable Indian tourists and expatriates to make cross-border digital payments easily. Additionally, partner countries are receiving assistance in developing real-time payment systems like UPI and domestic card payment systems like RuPay.
Currently, UPI is available in over eight countries, including the United Arab Emirates (UAE), Singapore, France, Mauritius, and Sri Lanka, reinforcing India’s presence in the global fintech landscape.
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